LuSE all share index surges to 15,146.27 points in August, as market capitalization hits K140 billion

The Lusaka Securities Exchange (LuSE) has reported that the All Share Index (LASI) surpassed the 15,000-point mark in August, closing at a record 15,146.27 points—a 40 percent gain for the year.

LuSE Chief Executive Officer, Nicholas Kabaso, noted that market capitalization reached K140 billion, marking a 22 percent increase from the previous month and a 63 percent rise year-to-date.

In a newsletter issued in Lusaka on Wednesday, Kabaso attributed the surge primarily to higher share prices across most sectors.

“The growth in the equity market underscores the importance of investing in shares, which have historically offered a significant opportunity to optimise investors’ returns and incentivise support for businesses seeking to raise capital,” he said.

Kabaso expressed optimism that the momentum seen in the index’s rise would continue in the short to medium term, supported by a positive economic outlook and a stable exchange rate.

Among the key performers, Shoprite Holdings recorded the largest percentage increase in August, with its share price climbing 56 percent, from K80 to K125—a monthly gain of K45.

Other notable gains included Bata Shoe Company, which rose by K1.00 (20 percent), Copperbelt Energy Corporation with a 19 percent increase, and Chilanga Cement, which increased by K3.00 (18 percent).

The performance highlighted the ongoing growth and investment opportunities in Zambia’s equity market, driven by strong fundamentals and investor confidence across various sectors.

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